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Dec 1, 2012
12/12
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it is important that we fix the over spending that is going to turn us into greece and spain. you talk about it all the time, it is so important we do that. even if we don't get rean elected it is so important -- reelected it is so important we do that we need all the leverage we got. >> sean: we are on our way to 20 trillion in debt. this is beyond fiscal cliff, this is a fiscal dive into i don't want to think where it can take us. >> some would say, if the dollar were not the international currency, we would have already been greece. >> sean: i brought up some ideas at the tkpweuplg of the program. i said okay, why don't we go for 200 billion in discretionary cuts to start, yes to entitlement reform, you agree? yes to serious tax reform? >> do i ever. when the president says fair share the perfect answer, flat tax. he has not made one pro bowsal that will have warren buffett paying the same as his secretary. it is called capital gains 15%. income tax is 15%. you make more, you pay more. you make less, you pay less. everybody pays their fair share. >> sean: same with value ad
it is important that we fix the over spending that is going to turn us into greece and spain. you talk about it all the time, it is so important we do that. even if we don't get rean elected it is so important -- reelected it is so important we do that we need all the leverage we got. >> sean: we are on our way to 20 trillion in debt. this is beyond fiscal cliff, this is a fiscal dive into i don't want to think where it can take us. >> some would say, if the dollar were not the...
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Dec 14, 2012
12/12
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calling it a big success for greece and a big success for europe. instors are still uncertain about the global economic outlook despite the measures taken to stabilize the euro zone. major central bank leaders are beefing up the coordinated action to secure confidence in global financial markets. they're extending a program that makes it easier for commercial banking to borrow money. taking part are the u.s. federal reserve and the european central bank as well as the central banks of canada, britain and switzerland. the leaders agreed to extend the foreign currency liqdity swap by one year. the arrangement was set to expire next february. the bank of japan whether to join the plan at the policy meeting next week. it was introduced last november when commercial banks had trouble getting money from the markets due to the european credit concerns. the bank leaders say their decision shows they're taking all possible measures to ease global financial strains. >>> more business headlines for you next hour. here's a check on markets. >>> north korea's st
calling it a big success for greece and a big success for europe. instors are still uncertain about the global economic outlook despite the measures taken to stabilize the euro zone. major central bank leaders are beefing up the coordinated action to secure confidence in global financial markets. they're extending a program that makes it easier for commercial banking to borrow money. taking part are the u.s. federal reserve and the european central bank as well as the central banks of canada,...
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Dec 3, 2012
12/12
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but we did move on greece. got a little bit of a boost preopen. and since then, frankly, the ism numbers have just been a real disappointment. and we are moving on that. here's the dow intraday. here's where we got the ism number. and you can see we have been drifting lower ever since then. and this really is a disappointment, this number. this is the first read we get on the overall economy every month here. and let me point out what's been going on here. the sectors have been risk off by enlarge so transports are notably week. materials and industrial. there is your risk off trade here today. i would point out, technology has been an upgrade over at goex and the overall technology sector, tough time in the hardware group doing better today. so there is an outlier in tech. as for the ism, what was going on here, really there was very little good news. take a look. the overall number, the headline number, lowest since july 2009. the employment component in this, lowest since september 2009. that's probably the second-most watched component of that
but we did move on greece. got a little bit of a boost preopen. and since then, frankly, the ism numbers have just been a real disappointment. and we are moving on that. here's the dow intraday. here's where we got the ism number. and you can see we have been drifting lower ever since then. and this really is a disappointment, this number. this is the first read we get on the overall economy every month here. and let me point out what's been going on here. the sectors have been risk off by...
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Dec 7, 2012
12/12
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does not want to follow down the path of greece. what is to blame there? too much austerity or too much taxation? we'll look at the problems inside his own party, for speaker boehner. it's friday. that means the lightning round with the panel. "special report" from washington starts at 6:00 eastern. now back to new york and "the five." ♪ ♪ >> bob: kay. there is music for you. on december 3 last year, 16-year-old tyler alfred from oklahoma was driving under the influence and crashed his pickup truck killing his passenger and friend 16-year-old john luke. he pleaded guilty to first degree man slaughter in august. in the muskogee county -- it's oklahoma, district judge mike norman he sided not to give him -- decided not to give him jail time. but order to attend church regularly for ten years. i have several thoughts but let you start. eric, what do you think? >> eric: this is tough. blood alcohol is .6 or .7. double the legal limit. there are other issues. not just attend church. he has to graduate high school and graduate welding school and testing goin
does not want to follow down the path of greece. what is to blame there? too much austerity or too much taxation? we'll look at the problems inside his own party, for speaker boehner. it's friday. that means the lightning round with the panel. "special report" from washington starts at 6:00 eastern. now back to new york and "the five." ♪ ♪ >> bob: kay. there is music for you. on december 3 last year, 16-year-old tyler alfred from oklahoma was driving under the...
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Dec 6, 2012
12/12
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check out greece. that's what happens when a country avoids making tough fiscal decisions for too long. >>> a top republican pollster about what went wrong on their side. a lot of information coming here and why if republicans don't change the way they do business they may be on the losing end of elections for years to come. plus, the black helicopter crowd is at it again. republicans in the senate reject a united nations treaty to ban discrimination against the disabled. they say it would allow u.n. officials to come into this country and force home-schooled children into government-run, that is public schools. senator john kerry joins us to cut through the nonsense. >>> also tonight, the simpson's mr. burns gives us a rich man's look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. >>> never too early for pollsters to start head to 20
check out greece. that's what happens when a country avoids making tough fiscal decisions for too long. >>> a top republican pollster about what went wrong on their side. a lot of information coming here and why if republicans don't change the way they do business they may be on the losing end of elections for years to come. plus, the black helicopter crowd is at it again. republicans in the senate reject a united nations treaty to ban discrimination against the disabled. they say it...
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melissa: some shocking news out of greece now. uninnded consequence of its 2 dal billion euro health care debt is making it nearly impossible for hospitals touy basic supplies like gloves, syringes, letalone crucial medications. on top of that massive layoffs mean fewer doctors and nurses are treating more patients. the severe lack of medical supplies is making much more easy for disease to spread especially from a country whose main industry is tourism. we have lee vinokur from louisiana university shreveport. thanks for joining us. >> my pleasure. melissa: how serious of a problem is this? >> it is a true greek tragedy because the greeks were somewhat responsible. at one point their health care system covered evybody for everything, the most expensive medicines. it was 10% of their gdp. and then the imf put them on strict austerity. they had a huge debt. they were borrowing a lot to cover medications and such. and the austerity budget really cut back to the point where kids an't getting vaccinated now. there is no vaccinations.
melissa: some shocking news out of greece now. uninnded consequence of its 2 dal billion euro health care debt is making it nearly impossible for hospitals touy basic supplies like gloves, syringes, letalone crucial medications. on top of that massive layoffs mean fewer doctors and nurses are treating more patients. the severe lack of medical supplies is making much more easy for disease to spread especially from a country whose main industry is tourism. we have lee vinokur from louisiana...
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Dec 2, 2012
12/12
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we're becoming greece because of out-of-control entitlement spending. there's no age adjustment for medicare and social security. there is no means testing, of in the president's plan. we should do what ronald reagan and tip o'neill did, adjust the age for retirements, a means test benefit, do it together, and republicans should put revenues on the table and the president's plan does nothing but damn us to becomeag greece. >> schieffer: let us shift to the whole situation of the episode that happened in benghazi, that's been kind of in turmoil. what happened? how was it that an american ambassador and three other mers died there? susan rice, who many think the president was nominating to be secretary of state, was back up on capitol hill during the week. did she help or hurt her case? >> well, apparently, according to the senators she met, she didn't do herself much good. but let's just say this about benghazi-- it's just not about susan rice. it's about a system that failed. the military failed. the intelligence community failed. before and during. thi
we're becoming greece because of out-of-control entitlement spending. there's no age adjustment for medicare and social security. there is no means testing, of in the president's plan. we should do what ronald reagan and tip o'neill did, adjust the age for retirements, a means test benefit, do it together, and republicans should put revenues on the table and the president's plan does nothing but damn us to becomeag greece. >> schieffer: let us shift to the whole situation of the episode...
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Dec 23, 2012
12/12
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will eventually end up like greece? >> well, look, if i could just answer that, i'm an optimist on america. i believe in america. i'd buy it, you know, if america was a publicly-traded company, i'd buy the stock every day. this country and this economy is tremendously resilient. and one of the great things, i think, about our book is it's got ideas that require action in washington, it's also at state level, individual level and there's some business and corporate level. so, you know, what are the odds? i would, you know, i'm an on the optimist. i would say we will get back to growth. >> kevin? >> the oecd, which is an organization that studies large, developed nations just did a big study to try to identify how big the policy challenges facing the nations around the world are. and they estimated something called the fiscal adjustment, and the fiscal adjustment for greece that they need -- which is either the immediate tax increase or the immediate reduction in spending necessary to make it so that their economy doesn't
will eventually end up like greece? >> well, look, if i could just answer that, i'm an optimist on america. i believe in america. i'd buy it, you know, if america was a publicly-traded company, i'd buy the stock every day. this country and this economy is tremendously resilient. and one of the great things, i think, about our book is it's got ideas that require action in washington, it's also at state level, individual level and there's some business and corporate level. so, you know,...
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Dec 8, 2012
12/12
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icaria, greece, here, people are more likely to reach their nineties, and older people have a third less chance of getting cancer. their minds are sharp, as well. compared to the united states, icaria has one quarter the rate of dementia. he wants to capture the formula so you and i can live longer. >> you know it captures the imagination, dan, for sure, welcome back to the show. >> a delight to be here. >> people always ask about this, they want to know what other people in other parts of the world know, let me start with the question, how much is genes, life-style? >> 80% is life-style and environment, which i think is really the important part. >> the thing that people point to here in the united states is stress. and it is a vague term, and means different things to different people. is -- stress here in the united states, obviously, we know what it is like. what is it like in other places? is there less stress, did you find for example in icaria? >> yes, you tell people you find this blue zone in the middle of of the mediterranean, and people say yeah, if i live in a place like that
icaria, greece, here, people are more likely to reach their nineties, and older people have a third less chance of getting cancer. their minds are sharp, as well. compared to the united states, icaria has one quarter the rate of dementia. he wants to capture the formula so you and i can live longer. >> you know it captures the imagination, dan, for sure, welcome back to the show. >> a delight to be here. >> people always ask about this, they want to know what other people in...
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Dec 11, 2012
12/12
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here we ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that have had bleed of workers? >> eric: i will make a wage with you. now that snyder signs it off and right to work, i bet an auto company goes -- brand new, never done business before in detroit. >> kimberly: you will lose this bet, bob. >> eric: coming up, 2004 south korean singer rapped about killing americans in 2019 and is invited to perform for president obama. ♪ ♪ >> eric: maybe not. we will gangmam bang it out next. and make sure you go to the facebook page. we are updating and posting facebook.com/thefivefnc. click like. we'll be right back. ♪ ♪ ♪ ♪ >> greg: we're going to hell. the korean pop star performed at christmas in washington last night. joe biden took a picture with him thinking he's obama. he is the guy behind gangnam
here we ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that have had bleed of workers? >> eric: i will make a wage with you. now that snyder signs it off and right to work, i bet an auto...
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Dec 11, 2012
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president and use your mandate to bring this country together to stop us from becoming greece. >> man up. with jim demint leaving, a new poll shows who they wants a his replacement. put your votes in. a very funny south carolinian. the one and only stephen colbert. the comedian miami tops the list. this is an honest poll. 20%. tim scott comes in second. colbert addressed the speculation around his potential candidacy on his show last night. >> there's already a twitter page, facebook, draft colbert website. i can tell you having done a show with him in charleston, he's an absolute rock star in that state. >> yes, i am a rock star in south carolina and not just because i ended my rally there with herman cain by biting the head off a dove. now, my network contract prohibits me from taking on another full-time job, so the sfl senate would be perfect. >>> south carolina senator decie in the seat until the election in 2014. jim demint is leaving next month to head the senator think tank. >>> president obama hasn't made a decision yet on hillary clinton's replacement at the state department
president and use your mandate to bring this country together to stop us from becoming greece. >> man up. with jim demint leaving, a new poll shows who they wants a his replacement. put your votes in. a very funny south carolinian. the one and only stephen colbert. the comedian miami tops the list. this is an honest poll. 20%. tim scott comes in second. colbert addressed the speculation around his potential candidacy on his show last night. >> there's already a twitter page,...
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Dec 12, 2012
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what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workers for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with the president to do is use this mandate. redo revenue, which we should. but what keeps us from becoming the country we want to be and damns the future generations is entitlement and spending. when i was 21, my mom died, when i was 22 my dad died. if it wasn't for social security survivor benefits, my sister would have never gone to college. social security is going to fail. when i was 22 we needed the 300 and something bucks we got a month. i'm 57, i have no kids, i could easily give up $400 in retirement from social security to help people who can't. >> as a reality for
what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workers for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with...
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Dec 24, 2012
12/12
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this country is not becoming greece. this country -- this country, frankly, has a big unemployment problem. we have a deficit problem in the short term, not the long term. it's not a real problem now. our bonds selling higher than before and lower interest rates. it's not an immediate problem. he's saying what's worse. what he is saying is use blackmail on the entire economy like a gangster. pity if it happens to blow up. not increasing the debt ceiling -- >> already did that before. they have done it before. >> they have. >> and will do it again. >> frankly, that is obnoxious beyond belief. the president should not concede or negotiate on that basis at all. >> the president is adamant on the fact that's not a part of this conversation. >> it cannot be a part of any conversation. the debt ceiling is not a question of borrowing more. you determine how much deficit you will have passing the budget two, three, four years ago. >> correct. >> to say you won't raise the debt ceiling is to say you're not going to pay the bills
this country is not becoming greece. this country -- this country, frankly, has a big unemployment problem. we have a deficit problem in the short term, not the long term. it's not a real problem now. our bonds selling higher than before and lower interest rates. it's not an immediate problem. he's saying what's worse. what he is saying is use blackmail on the entire economy like a gangster. pity if it happens to blow up. not increasing the debt ceiling -- >> already did that before. they...
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Dec 26, 2012
12/12
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greece downgraded deeper into junk." tcr stash cash beneath the mattress, pack the trunk. will drachmas creep where euros fear to tread? if you believe the headlines, then we're sunk. a crisis that lasts for years? call it a funk. austerity starves the more its maw is fed, and downgrades all our deepest bonds to junk. every politician is a punk-- the right, the left; the blue, the green, the red; ministers in cahoots with the odd monk. we've lost our marbles. elgin took a chunk. caryatids, gone on strike, sit down instead. tear gas lingers like a whiff of skunk.e' weep, pericles, or maybe just get drunk.n we'll hawk the parthenon to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk."ng >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cartco away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interestin
greece downgraded deeper into junk." tcr stash cash beneath the mattress, pack the trunk. will drachmas creep where euros fear to tread? if you believe the headlines, then we're sunk. a crisis that lasts for years? call it a funk. austerity starves the more its maw is fed, and downgrades all our deepest bonds to junk. every politician is a punk-- the right, the left; the blue, the green, the red; ministers in cahoots with the odd monk. we've lost our marbles. elgin took a chunk. caryatids,...
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Dec 19, 2012
12/12
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some encouraging news on europe's economic crisis: standard and poor's gave greece a better grade. it got upgraded to a "b-minus" from "selective default" thanks to reassurances that greece will stay in the eurozone. on wall street, the dow rose 115 points, the nasdaq gained almost 44, and the s&p added 16. our next guest says any reasonable fiscal cliff deal is better than no deal. he's robert doll, chief equity strategist and senior portfolio manager at nuveen asset management. >> susie: hi, bob. nice to see you again. >> thanks, susie. >> susie: so investors and traders really do seem to think that a deal is coming, like our previous guest, roger altman. is this rally all about hopes for a deal or something nore fundamental? >> it is about hope for a deal. the malaise and the lack of confidence and the uncertainty has been pervasive, as you well know, susie. that has held corporations back from doing things, from spending money, and some individuals as well. as roger said a few minutes ago, if we can clear the air with some sort of fiscal cliff deal, i think that does lift the o
some encouraging news on europe's economic crisis: standard and poor's gave greece a better grade. it got upgraded to a "b-minus" from "selective default" thanks to reassurances that greece will stay in the eurozone. on wall street, the dow rose 115 points, the nasdaq gained almost 44, and the s&p added 16. our next guest says any reasonable fiscal cliff deal is better than no deal. he's robert doll, chief equity strategist and senior portfolio manager at nuveen asset...
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Dec 25, 2012
12/12
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greece downgraded deeper into junk." >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cart away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interesting times. >> interesting and difficult. but perhaps every interesting time is also a very difficult time, because easy times are not interesting perhaps. >> brown: a poet and elder statesman of greek letters, he's seen many of the hardships and horrors of greek history in the 20th century, including the german occupation in world war ii. >> here is athens during the occupation. a street in the center of athens, against the occupation. >> brown: so this was part of your life? >> somewhere back there, i'm in the crowd. >> brown: even more devastating, he says, was the greek civil war that followed, one that led to his own captivity and torture on an island prison. so you've seen much worse? >> i give always this example: that during the winter of 1940 to '41, every
greece downgraded deeper into junk." >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cart away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interesting times. >> interesting and difficult. but perhaps every interesting time is also a very difficult time, because easy times are not interesting perhaps....
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Dec 10, 2012
12/12
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so greece has its financing for next year. after that, it's a very big open question. >> bob parker from credit suisse, thank you so much for all your time and thoughts this morning. stick around. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou at fedex office. >>> welcome to "worldwide exchange." i'm kelly evans. these are your headlines from around the world. political turmoil in italy sending european shares lower. italian banks lead the downward mo move. china's weak export figures are weighing on sentiment. the unexpected decline signals continued pressure from abroad. >>> and meeting face-to-face, president obama and house speaker john boehner sit down for a one-on-one over the weekend with just weeks to go before the u.s. heads over the fiscal cliff. >> keeping an eye on italian third
so greece has its financing for next year. after that, it's a very big open question. >> bob parker from credit suisse, thank you so much for all your time and thoughts this morning. stick around. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou at fedex...
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Dec 31, 2012
12/12
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the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime occurrence. the whole coast is devastated. >> the number of ambulances to move these children is remarkable. >> and lost homes in many forms-- ♪ ♪ >> andrew breitbart died this morning, he was 43. he was a publisher, an activist and a commentator, but that says almost nothing about this force of nature. he was a big kid who treated his opponents like humans. it was never about people, it was always, always about principles. . >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was something that was a concerted effort, well organizationed, heavily armed. >> you have the american president, the secretary of state and ever
the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime occurrence. the whole...
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Dec 24, 2012
12/12
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we have seen what happens in greece where we are still close to a civil war. naturally, i objected to this policy at the heads of state of government when they were presenting proposals, especially when i have to defend the italian interests. for example, i vetoed and suspended the council heads of state when i was presented with the fiscal impact. this is my position. i could not agree with them when they imposed homework to greece which i was in total disagreement with or when they proposed the token tax which we stupidly adopted. and it is clear that financial transactions will migrate to companies that do not have a total impact. i also disagreed when european banks were ordered to account for the government bonds that they have in their balance sheet at mark to market value and not the nominal value. this has forced italian banks to recapitalize. i do not agree on the fiscal compact. even though i was the only one at the european council meetings with a business background and not just a political one, i felt i had to speak out expressing my position and
we have seen what happens in greece where we are still close to a civil war. naturally, i objected to this policy at the heads of state of government when they were presenting proposals, especially when i have to defend the italian interests. for example, i vetoed and suspended the council heads of state when i was presented with the fiscal impact. this is my position. i could not agree with them when they imposed homework to greece which i was in total disagreement with or when they proposed...
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well there is going to be disconnected sense of it is the same disconnect that's going on in greece the same one that's going on in spain and ireland and portugal and in italy so yeah the disconnect is going to be there there's not going to be any money for them there aren't going to be any jobs and these are the things that revolutions are made of and we're going to see more of it you know its bonds away in twenty thirty eight and dr paul craig roberts one of our contributing editor of the trends journal is going to be writing an extensive piece on that he says the bond bubble is ready to burst so these kids are going into this society and there's nothing in front of them that gives them any optimism i mean they don't even believe in hoping to change anymore so what we're going to see when but when you look around europe for example max you have unemployment rates among the youth that's over fifty percent in spain in greece it's approaching that in italy in portugal and they're going to have the same thing in the united states you have these young people with their hormones raging in t
well there is going to be disconnected sense of it is the same disconnect that's going on in greece the same one that's going on in spain and ireland and portugal and in italy so yeah the disconnect is going to be there there's not going to be any money for them there aren't going to be any jobs and these are the things that revolutions are made of and we're going to see more of it you know its bonds away in twenty thirty eight and dr paul craig roberts one of our contributing editor of the...
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Dec 27, 2012
12/12
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we are going to be like greece. that was -- everybody -- both sides, by the way, republicans and democrats, both used the phrase default. you know perfectly well how it works in the government. you can make choices. >> i hate to break the news to you but -- i don't think anyone other than watching cnbc anyone actually cares and nobody believes the federal government will not pay social security or other debts. >> are you kidding me? i think they do. that's what they start with. right? start with the social security checks aren't going to go out. then -- what do people do, call their congressmen? the elderly get frightened. they think they won't have their weekly paychecks. >> this would not be the first time anyone from the executive branch tried to scare senior sit sense what do we do? we are going over the cliff. do you think we are going over cliff? >> i talked to the speaker's people today. bottom line is the speaker did remarkably smart. he didn't bring his bill up because he didn't have the votes and then sent
we are going to be like greece. that was -- everybody -- both sides, by the way, republicans and democrats, both used the phrase default. you know perfectly well how it works in the government. you can make choices. >> i hate to break the news to you but -- i don't think anyone other than watching cnbc anyone actually cares and nobody believes the federal government will not pay social security or other debts. >> are you kidding me? i think they do. that's what they start with....
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Dec 21, 2012
12/12
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greece does not have an exit. citigroup had a 90% chance earlier this year. the biggest day of this jurn year was june 17th when they elected a moderate who did not try to pull greece out. and germany stepped up and gave them some money and that september the 6th, that was the european central bank. so you had china, maria, the united states and greece. none of them went off the cliff. maria, this is for you. our little christmas present for you, maria. >> thank you. thank you. >> we want to remember, by the way, this is emblem attic of all these nice things you have said this week for the victims of the newtown connecticut tragedy. we love the way you all have been strong in support of them. >> thank you. i very much appreciate that. michael, let me ask you, what do you want to be avoiding in 2013? >> i think you have to look at it from the standpoint of extreme. it's clearly in the bond market. it's clearly in the love for dividends. it's clearly in the love for income versus capital appreciation, versus cycle kral. i call this the rocky balboa stock market
greece does not have an exit. citigroup had a 90% chance earlier this year. the biggest day of this jurn year was june 17th when they elected a moderate who did not try to pull greece out. and germany stepped up and gave them some money and that september the 6th, that was the european central bank. so you had china, maria, the united states and greece. none of them went off the cliff. maria, this is for you. our little christmas present for you, maria. >> thank you. thank you. >>...
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Dec 7, 2012
12/12
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. >>> in greece, police fended off protesters launching molotov cocktails. >>> and in the u.s., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive earthquake and tsunami. well, this morning's quake shook buildings as far as tokyo, and there are reports of a three-foot tsunami in the miyagi prefecture. the u.s. geological survey says there's no risk of a widespread tsunami, and so far, there have been no news of injuries or damage. of course, we're going to keep an eye on any aftershocks that occur and we'll bring you the very latest. >>> well, elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capital. this time, it's in response to a politically explosive power grab by the democracy's president, mohamed morsi. right now, soldiers are setti
. >>> in greece, police fended off protesters launching molotov cocktails. >>> and in the u.s., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive...
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Dec 8, 2012
12/12
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. >> february 15th, 2006, excitement is building for greece athena's last game of the season. the teacher is one of many in the crowd. >> very excited that there was a game that night. and that there was a chance that he was going to be able to get in for the first time. in the back of my mind i was just thinking, oh, my goodness, i hope the coach lets him in. >> fans are in the bleachers. many of them are shooting the video as the game gets under way. >> they have signed, j-mac signs. they had pictures of his face on little paint sticks and so forth. so that was -- it sent a chill down your back, you know. >> but near tend of the second half, the clock is ticking down and jason, number 52, is still on the bench. >> the crowd throughout the game, because they would periodically start chanting "we want j-mac." just in case i had forgotten. >> with only four minutes left and the lead built, the coach finally does what everyone in the crowd has been hoping for. >> i started hearing the chants again pretty loud. i was just kind of mulling in my mind when is the best time to put hi
. >> february 15th, 2006, excitement is building for greece athena's last game of the season. the teacher is one of many in the crowd. >> very excited that there was a game that night. and that there was a chance that he was going to be able to get in for the first time. in the back of my mind i was just thinking, oh, my goodness, i hope the coach lets him in. >> fans are in the bleachers. many of them are shooting the video as the game gets under way. >> they have...
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greece b. italy the answer: c. united states 99-percent of commercially grown artichokes are cultivated in california. >> we have lots of clouds for the next few days. nothing terribly extreme in the temperatures. there's a general active but look to this pattern. there is some rain showing up on the radar. 42 degrees is the temperature. we are above average today. all of the very cold air is bottled up up north in canada. the one in the morning and now. 52 degrees at st. louis. we may be flirting with the thick degree mark later on to do. see the rain returns but it's not all reaching the ground. there some mixed snow and precipitation of state. it is headed this way. our model does not actually show. this evening cloudy and a couple sprinkles of light showers. we will have patches of light rain flirting with us during the day tomorrow. it looks like a solid overcast. the accumulating snow is up north of us. much of that will come into the weather system on saturday night and sunday. we think some areas might hit
greece b. italy the answer: c. united states 99-percent of commercially grown artichokes are cultivated in california. >> we have lots of clouds for the next few days. nothing terribly extreme in the temperatures. there's a general active but look to this pattern. there is some rain showing up on the radar. 42 degrees is the temperature. we are above average today. all of the very cold air is bottled up up north in canada. the one in the morning and now. 52 degrees at st. louis. we may be...
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Dec 18, 2012
12/12
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. >> did you see the s&p upgraded greece today by six notches? i had to hit the machine to make sure that was the correct number there. >> well, you know, a lot of volatility in rate. >> bob pisani, what do you think today? a pretty good real under way? all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and bonds just getting hit badly again. i mean, bond yields are moving up. gold is moving down on a day when the dollar is -- is weak today, so the markets are sort of acting like things are actually going to resolve themself. even now, maria, you might notice, the headlines out this afternoon aren't bullish. markets believe a deal is coming quickly. >> so do you guys. you don't have any necessarily different guidance or expectation or reports than we do, and you both are very much in step that a deal gets done what. if it doesn't? >> i kind of think what's going on right now is a little dan
. >> did you see the s&p upgraded greece today by six notches? i had to hit the machine to make sure that was the correct number there. >> well, you know, a lot of volatility in rate. >> bob pisani, what do you think today? a pretty good real under way? all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and...
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Dec 19, 2012
12/12
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the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally time? >> i want to click my heels, but these are soft reeboks. you wouldn't hear it. >> are we going to see that, finally, at last? >> the way people were coming on and saying it's going to zero. >> running for the exit. >> when was the euro dissolved and greece kicked out? what was the date? >> it happened just in reverse. >> it was overnight. >> we'll see. i can't believe 2013 will not hold a couple of moments where we go, ah. but it is amazing. nothing we can do. >> we're afraid spain is going to come -- spain was supposed to come to market. italy, oh, my, what happens when italy -- it turns out you had to take it down. i know that john corzine, very controversial figure. that's a code word. but what a trade they almost had. in the news again today. >> almost. >> horseshoes, hand grenades. >> we should point out, gm was certainly not having the easiest of times of it. this morning's stock is up sha
the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally time? >> i want to click my heels, but these are soft reeboks. you wouldn't hear it. >> are we going to see that, finally, at last? >> the way people were coming on and saying it's going to zero. >> running for the exit. >> when was the euro dissolved and greece kicked out? what was the date? >> it...